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CK Hutchison, the multinational conglomerate,  and China’s Ant Financial have announced a joint venture to drive mobile payments in Hong Kong under the existing AlipayHK brand. In an investor statement, the companies said they signed a strategic agreement which would “promote a more efficient and productive cashless society in Hong Kong”. The partnership sees two of the [...]

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Ant Financial has stepped up its international expansion by reportedly buying US money-transfer service MoneyGram International for $880 million. The $880 million acquisition marks Ant’s first deal with a US-listed company, as it begins to explore markets beyond a home arena it already dominates. The transaction will connect MoneyGram’s network of 2.4 billion bank and mobile [...]

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Ant Financial Services has struck a deal with Ingenico to push its mobile payments system into Europe. Ingenico will allow users of Ant’s Alipay, China’s biggest online-payments platform by transaction volume, to access Ingenico’s network of offline merchants in Europe, according to a person familiar with the situation. The collaboration comes after Ingenico disclosed in [...]

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